{"id":6097,"date":"2014-07-03T15:39:09","date_gmt":"2014-07-03T15:39:09","guid":{"rendered":"http:\/\/highplainsblogger.wordpress.com\/2014\/07\/03\/wheres-the-bubbly-over-this-jobs-report\/"},"modified":"2014-07-03T15:39:09","modified_gmt":"2014-07-03T15:39:09","slug":"wheres-the-bubbly-over-this-jobs-report","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=6097","title":{"rendered":"Where's the bubbly over this jobs report?"},"content":{"rendered":"\n
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Another Labor Department jobs report came out today.<\/p>\n

Good news, yes? You bet.<\/p>\n

The labor market added 288,000 jobs in June; unemployment dropped to 6.1 percent; economists say the economy has gotten its mojo back.<\/p>\n

Break out the bubbly stuff. Toast the recovery. We’re back. Aren’t we?<\/p>\n

http:\/\/money.cnn.com\/2014\/07\/03\/investing\/june-jobs-report\/index.html?hpt=hp_t2<\/p>\n

Let’s not forget that as I write this brief post, the Dow Jones Industrial market has surpassed 17,000; the S&P is at a record high as well. Investors are happy. Why aren’t the rest of us?<\/p>\n

The gloom-and-doomers have done a great job of bad-mouthing the economy. I know it was bad around here oh, about six years ago.<\/p>\n

Some of who were working full time saw our salaries cut. Mine got whacked by 10 percent; the company I worked for quit contributing to our retirement plan, which amounted to another 5 percent pay cut. My colleagues and I felt everyone’s pain.<\/p>\n

The Obama administration sought to jump start the economy. The other side was predicting fiscal calamity. It didn’t happen. Quite the contrary, the reverse has occurred.<\/p>\n

Are they going to give credit where — I believe — it is due?<\/p>\n

Do not hold your breath.<\/p>\n

I’ll give credit right here where I think it belongs. The president stepped up and acted boldly.<\/p>\n

We’re now seeing the dividend.<\/p>\n\n

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Another Labor Department jobs report came out today. Good news, yes? You bet. The labor market added 288,000 jobs in June; unemployment dropped to 6.1 percent; economists say the economy has gotten its mojo back. Break out the bubbly stuff. Toast the recovery. We’re back. Aren’t we? http:\/\/money.cnn.com\/2014\/07\/03\/investing\/june-jobs-report\/index.html?hpt=hp_t2 Let’s not forget that as I write … Continue reading Where's the bubbly over this jobs report?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6097","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/6097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6097"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/6097\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}